Fourth International Conference
Financial and actuarial mathematics - FAM

26-27.08.2011, Sofia, Bulgaria

Due to popular demand paper submission date has been extended until 30 July 2011.
Hoping to hear from you soon, and meet you in Bulgaria.

Conference venue: METROPOLITAN HOTEL

About FAM
Conference programme
Abstract submission
Important dates
About FAM
Conf. Programme
Abstr. submission Importatnt dates
Accommodation Contacts
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FAM is an international conference which brings together academics and professionals in theory and practice of Insurance and Finance. Conference owner is the Society for Financial and Actuarial Mathematics - FAM - an international society of scholars and practitioners in the field of Finance and Insurance.
Scientific committee: P. Saeidi, T. Ignatov, S. H. Seyyedrezaei, P. Stoynov, A. Sarani, B. Ruseva, V. Stoyanova, M. Safabakhsh.

25.08.2011: Accomodation and registration
26.08.2011: Conference session
10.00-12.45 - Registration, METROPOLITAN HOTEL
12.45-13.00 - Opening
13.00-13.15 - M. Khan, M. Aleem, A. Ali Shah. Theoretical Analysis of Weighted Exponential Models
13.15-13.30 - S. Kumar.A fuzzy mathematics and expert system to provide indicative results on the risk of cancellation of the policies
13.30-13.45 - F. Azma, M. Mostafapour. Business intelligence as a key strategy for development organizations
13.45-14.00 - A. Mancka. The influence of the volatility of the domestic currency in the credit risk in Albania. An statistical study
14.00-14.15 - S. Rasekhi, M. Shahrazi.Efficient Market Hypothesis: Some Evidences from Iranian Flexible Exchange Rate Market
14.15-14.30 - J. Teall. Hyperbolic Discounting and Hazard Resolution
14.30-14.45 - H. Karatosun. Credit Point System Theory
14.45-15.00 - J. Decrosta, K. Mukendi. Insurance Coverage Context
15.00-15.15 - N. Ishimura, Y. Yoshizawa. A note on the time evolution of bivariate copulas
15.15-15.30 - A. Abdollahi, Z. Hashemi. Using Genetic Algorithm and Support Vector Machines for bankruptcy prediction: Empirical observation in Iran
15.30-15.45 - Eksi, V. Cakir, B. Buyukkonuklu, M. Ozcalici. Prediction of Firm Value with Financial Structure Items: An Implementation on Metal Industry
15.45-16.00 - A. Abdollahi, E. Dehroye. Application of Mathematics in Accounting
16.00-16.15 - A. Modaber. A survey on Historical Trends, Perspectives and Challenges of Financial Mathematics
16.15-16.30 - M. Deilami, A. Abdollahi, E. Dehroye. Financial Analysis for Companies using Data Envelopment Analysis: Empirical evidence from Iran
16.30-17.00 - Coffee break
17.00-17.15 - M. Jafar - Financial Analysis for Companies using Data Envelopment Analysis: Empirical evidence from Iran 17.15-17.30 - H. Ono. Turnover Tax and Trading Volume: Panel Analysis of Stocks Traded in the Japanese and US markets
17.30-17.45 - H. Haghtalab. A Study of the Adequacy in Iran Islamic Banks’ Efforts Regarding Marketing of Their Financial Services
21.00-24.00 - Welcome party

27.08.2011: Ecscursion. Galla dinner (optional).
24.08.2011: Departure

Registration should be made by 10 of May 2011 by sending e-mail to
The mail should contain the following data:
Name of the conference.
Name of the participant.
Date of arrival:
Day of departure:
Accomodation preferences: Dates for reservation; single, double room, studio or apartment.
Scanned document for registration fee payed. Registration fee is 130 EURO for regular participant (with presentation), 100 EURO for students and 85 EURO guest-participants (without presentation) and should be paid by bank transfer to the following bank account:

UBB Sofia,
IBAN: BG55UBBS80024400063119
The fee includes: conference attendance, conference materials, coffee-breaks, welcome party, excursion.
There is a possibility the fee to be paid after the registration deadline and even on site (late registration fee). In this case, it is 210 EURO for regular participant (with presentation), 150 EURO for students (with presentation) and 125 EURO for guest-participants (without presentation).
There is also an optional gala dinner for which an additional payment of 15 EURO must be added to the registration fee.

Abstract should be sent by 5 of May 2011 as an attached file in a mail sent to The mail should contain your name, the name of the conference you are applying for, and the name of the abstract.
The topics covered are: Financial mathematics, Actuarial mathematics, Insurance, Finance, Education.
You will be notified by e-mail if your abstract is approved for the conference. In this case, you must send a registration mail with information indicated in the above section.

The papers accepted for presentation will be published in conference proceedings by PSP Publishing Ltd.. A separate book of reviewed conference papers will be published by Peter Lang AG. Also, the conference papers will be submitted for review and publishing to the Annuary of Sofia University (ISSN 1331-8420) as well as to some ISI journals.

Abstract submission deadline: 5 of May 2011.
Registration deadline: 10 of May 2011.
Full paper submission deadline: 20 of July 2011.
Conference start: 26 of August 2011.
Conference end: 27 of August 2011.

The participants will be accomodated at hotel METROPOLITAN, Sofia. Metropolitan Hotel Sofia is located at the eastern gate of Sofia City, on the main highway to E80, in the triangle of the roads to the city center, Sofia Airport and Business Park Sofia. The new 4-star hotel is closest accommodation & conference venue to Sofia Airport – at only 3 minutes driving from the airport.
See the location of the hotel.

For contact use the e-mail: provides an accommodation price comparison search engine and is offering a 10% rebate all participants attending the conference. For further information on their conference rebate program and to claim your rebate directly please visit: You can start searching for your preferred hotel in Sofia here:

About FAM
Conf. Programme
Abstr. submission Importatnt dates
Accommodation Contacts